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cliff negotiations on capitol hill. >>> speaking of that fiscal cliff, both democrats and republicans right now still battling to try and find a compromise. top white house negotiate easy heading to capitol hill today to keep those talks going, trying to avoid that looming deadline. tracie potts has the latest on the fight to keep your tax breaks from vanishing. >> reporter: treasury secretary tim geithner and rob nabors bring the president's deficit-cutting plan to capitol hill today. >> i'm open to a fair and balanced approach to reduce our deficit. >> reporter: republicans want to know if it includes the government spending less money. >> we put revenue on the table as long as it's accompanied by serious cuts. >> reporter: white house leaders are meeting with boehner and top republicans. at least one analyst thinks there could be a deal here. >> if i were involved in a negotiation like this and everybody was purporting to be where they are, i would say that an agreement was reachable. >> i'm hopeful but don't put me down anywhere near optimistic. >> reporter: one conservative repub
cliff negotiations on capitol hill. >>> speaking of that fiscal cliff, both democrats and republicans right now still battling to try and find a compromise. top white house negotiate easy heading to capitol hill today to keep those talks going, trying to avoid that looming deadline. tracie potts has the latest on the fight to keep your tax breaks from vanishing. >> reporter: treasury secretary tim geithner and rob nabors bring the president's deficit-cutting plan to capitol hill...
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the fiscal cliff, and the american people will hold them responsible. democrats also take issue with the proposal's spending cuts to medicare and social security. republican counter that tough cuts are needed to tackle the soaring debt, leaving washington locked in a stalemate, less than a month before every american sees their taxes shoot up. the gridlock has irritated people outside washington, like deborah page of arlington, texas. >> if i was working the way the president and congress was working, i would probably lose my job. >> reporter: page started a petition that would cease paychecks and health benefits for all members of congress and president obama if they can't avoid the fiscal cliff. the petition's chances are slim. but it's a reflection of americans' frustration with 28 days left. rob and paula? >> tahman bradley live in washington today. thank you, tahman. >>> and as talks over the fiscal cliff drag on, a new poll finds that most americans do not think very highly of congress. one in ten americans rate the honesty and ethical standards o
the fiscal cliff, and the american people will hold them responsible. democrats also take issue with the proposal's spending cuts to medicare and social security. republican counter that tough cuts are needed to tackle the soaring debt, leaving washington locked in a stalemate, less than a month before every american sees their taxes shoot up. the gridlock has irritated people outside washington, like deborah page of arlington, texas. >> if i was working the way the president and congress...
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Dec 5, 2012
12/12
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avoiding the fiscal cliff is coming down to taxes. president obama told bloomberg tv yesterday he is willing to be flexible, but there will be no deal unless republicans agree to raise income tax rates on the top 2% of wage earners in america. this week the gop offered a proposal that continues tax breaks for everyone while making cuts to medicare and social security. the president and democrats say the lack of a tax hike on the wealthy is leaving budget talks at an impasse. "60% of americans support asking millionaires to pay slightly more. many republicans feel the same way. the only ones who feel differently are the ones who work in this building. we can't let these negotiations be dictated by the tea party." "we've wasted an enormous amount of time here sparring back and forth in public, and it strikes me it's a good time to get serious about the proposals. traders are keying off market moves for clues about the economy. scott bauer of trading advantage joins us now. scott, what is the gold market telling traders about the prosepe
avoiding the fiscal cliff is coming down to taxes. president obama told bloomberg tv yesterday he is willing to be flexible, but there will be no deal unless republicans agree to raise income tax rates on the top 2% of wage earners in america. this week the gop offered a proposal that continues tax breaks for everyone while making cuts to medicare and social security. the president and democrats say the lack of a tax hike on the wealthy is leaving budget talks at an impasse. "60% of...
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Nov 30, 2012
11/12
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an argument with republicans and how he wants things to go forward and how to avoid the fiscal cliff. the tear- gas to say >> we know how to do that but in washington nothing is easy sell there's gonna be some prolonged negotiations. all of us are going back to get out of our comfort zone is to make that happen. i am willing to do that and i am hopeful that enough members of congress and both parties are willing to do that as well. we can solve these problems. but where the clock is really taking right now is on middle-class taxes. at the end of the year middle-class taxes that are currently in place are set to expire. middle-class tax cuts that are currently in place are set to expire. there are two things that can happen. if congress does not every family in america will see their income taxes automatically go up on january 1st. every family, everybody here will see your taxes go up when the reverse. i am assuming that does not sound too good to. it sounds like the local you get for christmas. >> that is the president talking about the fiscal cliff and about attack its rates going u
an argument with republicans and how he wants things to go forward and how to avoid the fiscal cliff. the tear- gas to say >> we know how to do that but in washington nothing is easy sell there's gonna be some prolonged negotiations. all of us are going back to get out of our comfort zone is to make that happen. i am willing to do that and i am hopeful that enough members of congress and both parties are willing to do that as well. we can solve these problems. but where the clock is...
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Dec 5, 2012
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. >> just 26 days until the fiscal cliff and the republicans and the white house seemed to of found some common ground. both sides agree that tax revenue and and reduction in entitlement spending in medicare are key elements in the deal. the republicans may be softening on raising taxes for the wealthiest americans. the white house may be bending on some greater spending cuts for medicare and raising the age from 65 to 67. they will be work meeting witlater on. >> if you can see the rain coming down, livermore is getting hammered. we will be right back. look at you guys with your fancy-schmancy u-verse high speed internet. you know, in my day you couldn't just start streaming six ways to sunday. you'd get knocked off. and sometimes, it took a minute to download a song. that's sixty seconds, for crying out loud. we know how long a minute is! sitting, waiting for an album to download. i still have back problems. you're only 14 and a half. he doesn't have back problems. you kids have got it too good if you ask me. [ male announcer ] now u-verse high speed internet has more speed options, re
. >> just 26 days until the fiscal cliff and the republicans and the white house seemed to of found some common ground. both sides agree that tax revenue and and reduction in entitlement spending in medicare are key elements in the deal. the republicans may be softening on raising taxes for the wealthiest americans. the white house may be bending on some greater spending cuts for medicare and raising the age from 65 to 67. they will be work meeting witlater on. >> if you can see the...
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Nov 29, 2012
11/12
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representatives of being sent to capitol hill to find a solution for the impending fiscal cliff today. republicans claim the white house has yet to provide specifics on how the president will curb the rapid growth of programs like medicare and medicaid. the president is insisting that tax rates go up on families that earn more than $250,000 a year. house speaker john major is adamant that any new tax bracket is coming from overhauling the tax code and clearing out tax breaks and lower rates for everyone. it is 9:06 a.m. and we'll be back in a couple of minutes. let's take a live look at bernal heights. this big tree came down and we'll have more on that in a couple of minutes. among take a look at some of this damage from the wind and rain and san francisco's berle heights neighborhood. yoli is on the scene. what street is this on? >> i believe this is virginia street. it is virginia street. i'm just getting confirmation. this jury blancs to this city and it is on the sidewalk here. according to a neighbor they heard a fall around 4:00 a.m.. it was one of those things that history was
representatives of being sent to capitol hill to find a solution for the impending fiscal cliff today. republicans claim the white house has yet to provide specifics on how the president will curb the rapid growth of programs like medicare and medicaid. the president is insisting that tax rates go up on families that earn more than $250,000 a year. house speaker john major is adamant that any new tax bracket is coming from overhauling the tax code and clearing out tax breaks and lower rates for...
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Nov 29, 2012
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the so- called fiscal cliff, it's one reason why we believe we put revenue on the table as long as it's accompanied by serious spending cuts to avert this crisis. >> > in order to kick the debt ceiling the wanted its deficit reduction and this is basically that a stop- active measure to save it or to get a deal done. nobody wants to go there but we need deficit reduction and this is how we to it. >> . read saying that was not doing that well but now, john boehner is a saying that it is a little bit better what is going on? >> not really anything they are still talking at each other and the president is now bringing more to the bargaining table for john boehner to bring more provisions for the debt
the so- called fiscal cliff, it's one reason why we believe we put revenue on the table as long as it's accompanied by serious spending cuts to avert this crisis. >>
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Dec 1, 2012
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. >> when the treasury secretary issued the proposal to avoid the fiscal cliff to republicans that they laughed. house speaker stated that bulls then the revenue over the next decade would be a crippling blow to the economy. >> let's not kid ourselves. the country cannot afford nor should we try to think in terms of this. >> the key sticking point is taxes. the democrats want to extend the bush cuts. republicans do not want to a tax rate increases on anyone period. they hope that by the president coming out to talk to the public that this will help congress make a decision. with just 32 days before the tax hikes there are as you signs of progress. >> still ahead on kron 4 news weekend. we are continuing to follow the storm. we will have a live report from milk valley and conditions there. let's take a live look at the san mateo bridge. the traffic is moving okay. >> some breaks de and snowboarding conditions are in the sierra this weekend. if these pictures were sent to us from north star resorts. this is the power both ski trail at north star. the resort got 12 in. of new snow thursday
. >> when the treasury secretary issued the proposal to avoid the fiscal cliff to republicans that they laughed. house speaker stated that bulls then the revenue over the next decade would be a crippling blow to the economy. >> let's not kid ourselves. the country cannot afford nor should we try to think in terms of this. >> the key sticking point is taxes. the democrats want to extend the bush cuts. republicans do not want to a tax rate increases on anyone period. they hope...
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Dec 3, 2012
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. >> 28 days until the fiscal cliff that will kick in if congress does not act. president obama and republicans seem to be playing a game of political chicken right now. the president's proposal as 1.6 trillion in hired taxers over the next couple of years. he proposes a tax cuts and stimulating spending to stimulate the economy. the two sides may try to come together. waiting for a chance to dry out here. a lot of clouds and traffic. 50 degrees in san francisco and a high in the upper 50s. >> watching flood levels this morning on bay area rivers as many are staying in their banks. we did have some flooding. the napa river reached flood stage yesterday afternoon. mayor to clean up in lafayette with the sinkhole and excavator is on this and not picking up debris. >> we get a dry day today but not for a long >> we should expect them rally later on tomorrow in the evening hours. it will pick up in intensity wednesday morning. tomorrow will be a -- today will be a dry day in the bay area. a cold start to the morning and low '40's for napa fairfield and 50 out the doo
. >> 28 days until the fiscal cliff that will kick in if congress does not act. president obama and republicans seem to be playing a game of political chicken right now. the president's proposal as 1.6 trillion in hired taxers over the next couple of years. he proposes a tax cuts and stimulating spending to stimulate the economy. the two sides may try to come together. waiting for a chance to dry out here. a lot of clouds and traffic. 50 degrees in san francisco and a high in the upper...
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the whole fiscal cliff is forcing them to do something. the president has said that tax rates will go up for the wealthy. republicans won't bend on that yesterday, john boehner said, we are at a stalemate. this is posturing. this is washington. we're going to have ups and downs. >> ups and downs in the stock market, as well. david, thanks. have a great weekend. >> you, too. >>> now, to the star college basketball players accused of abusing their position as big men on campus. they're facing burglary charges for allegedly stealing thousands of dollars of stuff from their fellow students. and abc's john muller is covering the story. john? >> reporter: good morning, dan. hofstra students say iphones, computers and cash has been disappearing from their dormrooms all semester. one used an app to find their iphone. now, four players from the division i basketball team are under arrest. faces, covered in shame. hiding tears as they leave a long island courthouse. another man, pushing and even taking swings at a cameraman as he storms out of court
the whole fiscal cliff is forcing them to do something. the president has said that tax rates will go up for the wealthy. republicans won't bend on that yesterday, john boehner said, we are at a stalemate. this is posturing. this is washington. we're going to have ups and downs. >> ups and downs in the stock market, as well. david, thanks. have a great weekend. >> you, too. >>> now, to the star college basketball players accused of abusing their position as big men on...
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. >> if we go over the fiscal cliff, voters will likely blame the republicans for that. is is that true sf. >> all of the polls show that right now. we know that the tax hikes go up. ben bernanke, the fed chairman, fears that it will throw the country into a recession. they have to be careful here as well. but democrats and the president clearly believe that they have the leverage to force an increase in these tax rates on the upper income americans before they agree to a deal. >> we'll all be watching the stock market as well. >>> the president also concentrating on recasting his new cabinet and one name that came up yesterday is a replacement for leon panetta at the defense department. >> it's possible, this is a real game of musical chairs right now. the president has to fill at least three big jobs, secretary of state, cia. if the president does not choose susan rice that means kerry goes to state and hagel goes to defense. we just don't know right now. all of those names are in play as we talk. >> this wouldn't be his first republican secretary of defense as well. b
. >> if we go over the fiscal cliff, voters will likely blame the republicans for that. is is that true sf. >> all of the polls show that right now. we know that the tax hikes go up. ben bernanke, the fed chairman, fears that it will throw the country into a recession. they have to be careful here as well. but democrats and the president clearly believe that they have the leverage to force an increase in these tax rates on the upper income americans before they agree to a deal....
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. >> the latest from the fiscal cliff talks in washington competing plans for the white house and republicans and little talk of compromise. the white house plan raises taxes on income over too much of $50,000 with 350 billion in cuts to medicare and 200 billion in new stimulus and infrastructure spending. the republicans counter offer has deeper cuts to medicare and reduces the social security cost-of-living increase. but it has no tax increases. it raises revenue through closing tax loopholes and deductions. if the white house immediately rejected the republican proposal. the president saying he would not accept any proposal without a tax increase for wealthy americans. >> u.s. official said the white house and its allies are weighing military options to secure serious chemical and biological weapons. the cult-that this comes after u.s. intelligence reports show the syrian regime may be readying those weapons and may be desperate enough to use them. president barack obamas told an audience at the national the fifth anniversary monday the u.suse of chemical weapons is and what it be totally
. >> the latest from the fiscal cliff talks in washington competing plans for the white house and republicans and little talk of compromise. the white house plan raises taxes on income over too much of $50,000 with 350 billion in cuts to medicare and 200 billion in new stimulus and infrastructure spending. the republicans counter offer has deeper cuts to medicare and reduces the social security cost-of-living increase. but it has no tax increases. it raises revenue through closing tax...
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Dec 6, 2012
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the administration is taking a tough line on the fiscal cliff as far as the obama resumes contact with house speaker john banner. treasury secretary says that the administration will absolutely let the double whammy take effect as scheduled on less republicans give and to president obama as the man to raise tax rates at all where income levels. geiger says the problem is too big to be solved without raising tax rates on the wealthy. he drew a fierce response from republicans saying that the statement was stunning and irresponsible. egest republic golegest republis ordered protesters supporting and opposing president mohammed morsi to leave the area around the presidential palace that has been the site of fierce clashes. the guard gave broad protesters on both sides time to clear out. >> the death toll from the typhoon hit the southern philippines has climbed to 350 people today. it hit hardest in the southern philippines where entire families were washed away. and the four injured people are still missing. nato has called on north korea to cancel its plans for a second rocket launch. a
the administration is taking a tough line on the fiscal cliff as far as the obama resumes contact with house speaker john banner. treasury secretary says that the administration will absolutely let the double whammy take effect as scheduled on less republicans give and to president obama as the man to raise tax rates at all where income levels. geiger says the problem is too big to be solved without raising tax rates on the wealthy. he drew a fierce response from republicans saying that the...
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Nov 30, 2012
11/12
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so much for that brief burst of optimism in washington over the fiscal cliff talks. now republicans and democrats can't even agree on where things stand. >> no substantive progress has been made in the talks. >> and you know there is progress. >> treasury secretary tim geithner sat down with bipartisan congressional leaders to keep pushing for a deal. a top boehner aide said the plan geithner presented is, quote, completely unrealistic. and a top democratic aide said republicans have taken to screaming at them. if no action is taken by december 31st, 650 billion in cuts to the pentagon and domestic programs and tax increases automatically go into effect. after the meeting, the finger-pointing came quickly. republicans say democrats aren't bringing to the table a plan that include significant cuts to medicare and entitlement programs. >> revenue was only on the table. if they were serious. spending cuts. >> the white house drew its own line in the sand and said tax rates must go up on the top earners, but -- >> the middle-class tax cut should be made permanent. >> pre
so much for that brief burst of optimism in washington over the fiscal cliff talks. now republicans and democrats can't even agree on where things stand. >> no substantive progress has been made in the talks. >> and you know there is progress. >> treasury secretary tim geithner sat down with bipartisan congressional leaders to keep pushing for a deal. a top boehner aide said the plan geithner presented is, quote, completely unrealistic. and a top democratic aide said...
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the latest white proposal on avoiding the fiscal cliff to house speaker john republicans laughed. >> there is a stalemate, let us not kid ourselves. >> perhaps it is a figure of speech but the country cannot afford a stalemate. >>catherine: house speaker john boehner boosting revenue by 1.6 trillion over the next decade would be a 'crippling >> stalemate...let's face it.." "...hope that's a figure of >> speech...shouldn't be talking about a stalemate." >> the key sticking point....taxes. democrats want to extend bush-era tax cuts for the middle class...while allowing rates to jump republicans don't want a tax rate increase on anyone. period. the white house is hoping that the fact the president is taking his case to the congress to act. of course the realand with 32 days before tax hikes and spending cuts kick in....there are few signs of progress. congress seems to love a deadline. but while it might come at the 11th hour -- most insiders seem to believe that there 'will' eventually be an agreement to avoid that cliff.. >> let us take a look at traffic on the south bay bridge toll p
the latest white proposal on avoiding the fiscal cliff to house speaker john republicans laughed. >> there is a stalemate, let us not kid ourselves. >> perhaps it is a figure of speech but the country cannot afford a stalemate. >>catherine: house speaker john boehner boosting revenue by 1.6 trillion over the next decade would be a 'crippling >> stalemate...let's face it.." "...hope that's a figure of >> speech...shouldn't be talking about a...
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to reach a deal avoiding the fiscal cliff. mr. obama and house speaker john boehner took a step yesterday, speaking about the standoff on the phone. i guess at least they weren't texting, right? while the details of their chat remain private, both men continued to talk past each other in public. >> let's allow higher rates to go up for the top 2%. >> there are ways to limit deductions, close loopholes, and have the same people pay more, more of their money to the federal government, without raising tax rates, which we believe will harm our economy. >> treasury secretary tim geithner also weighed in yesterday saying the president is willing to allow the nation to go over the cliff if republicans don't agree to raise taxes on the wealthy. >>> we are learning new details about colorado's shooting suspect james holmes now that thousands of e-mails in the case have been released. messages indicate holmes may have had a brief romantic relationship in the days before the tragedy. we have learned that in early june, holmes began speci
to reach a deal avoiding the fiscal cliff. mr. obama and house speaker john boehner took a step yesterday, speaking about the standoff on the phone. i guess at least they weren't texting, right? while the details of their chat remain private, both men continued to talk past each other in public. >> let's allow higher rates to go up for the top 2%. >> there are ways to limit deductions, close loopholes, and have the same people pay more, more of their money to the federal government,...
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. >>> and amid tough negotiations to avoid going over the so-called fiscal cliff. president obama meets with bipartisan groups of governors about the problem today. the meeting a day after house speaker jonathan boehner laid a republican plan to solve the crisis on the table and calls for $800 billion in higher taxes revenue and does not increase taxes on wealthy americans. the white house is rejecting the offer, saying any deal must include an end to tax cuts for families making over $250,000. >>> and the senate has approved a new u.s. commander for the war in afghanistan. he's marine corporal general joseph doneford and replaces general john al llen, nominatedo head forces in europe. allen's nomination on hold because of his involvement in the sex scandal that brought down former cia director david petraeus. >>> in foreign news, new intelligence reports, indicate syria's government may be preparing to use chemical and biological weapons against the rebels. in response though, the u.s. and its allies are considering military options. here's abc's martha raddatz. >
. >>> and amid tough negotiations to avoid going over the so-called fiscal cliff. president obama meets with bipartisan groups of governors about the problem today. the meeting a day after house speaker jonathan boehner laid a republican plan to solve the crisis on the table and calls for $800 billion in higher taxes revenue and does not increase taxes on wealthy americans. the white house is rejecting the offer, saying any deal must include an end to tax cuts for families making over...
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cliff today. republicans complained the white house has yet to provide specifics about how the president would curve the rapid growth of programs like medicare and medicaid. the president is insisting that tax rates go up on families will accede to under $50,000 a year. house speaker john banar is adamant that any tax revenues come from overhauling the tax code. clearing tax breaks and lowering rates for everyone. >> two tickets last night. one was sold in arizona one was sold in missouri in both matched all six numbers. arizona lottery officials said they have no information on the winter. they look at now is where it was sold at a press conference. two very lucky ticket holders. >> authorities have released the two names of two teenage girls were shot and killed during a weekend in oakland. 16 year old bobbysartan and 16 euro raquel gerstall will found 6:00 a.m. sunday morning with multiple gunshot spirit please do not have a motive for the killings now. they do not know why the girl for on an o
cliff today. republicans complained the white house has yet to provide specifics about how the president would curve the rapid growth of programs like medicare and medicaid. the president is insisting that tax rates go up on families will accede to under $50,000 a year. house speaker john banar is adamant that any tax revenues come from overhauling the tax code. clearing tax breaks and lowering rates for everyone. >> two tickets last night. one was sold in arizona one was sold in missouri...
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Dec 4, 2012
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the latest round of "fiscal cliff" negotiations. the republican proposal includes cutting $900 billion from medicare and reforming social security. it would also raise $800 billion in tax reforms. but the white house says the offer still favors cutting taxes for the wealthy. >> us this far, republican leaders have been adamant that they don't believe rates ought to go up on the top 2% of wealthiest americans. the american people overwhelmingly disagree. >> if the president and republicans can't come to a compromise, everyone's taxes will go up january 1. government spending will be slashed. >>> the dow lost 60. the nasdaq was down 8, s&p down 7. >>> the storms that blew through the bay area brought down many trees and that's meant a hard lesson for homeowners who were cleaning up today. cbs 5 consumerwatch reporter julie watts explains your insurance doesn't always cover fallen trees. julie. >> reporter: something many are likely learning following this weekend's storm. we received photos from across the bay area of downed trees on
the latest round of "fiscal cliff" negotiations. the republican proposal includes cutting $900 billion from medicare and reforming social security. it would also raise $800 billion in tax reforms. but the white house says the offer still favors cutting taxes for the wealthy. >> us this far, republican leaders have been adamant that they don't believe rates ought to go up on the top 2% of wealthiest americans. the american people overwhelmingly disagree. >> if the president...
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counter plan to avoid that "fiscal cliff." >> republicans need to acknowledge it that that's the only way to get from here to there. >> from across the bay to around the world -- >> obviously, we want a family so we have to start thinking about that. >> -- the stories that matter on "eyewitness news this morning." ♪ [ music ] >>> good morning. it's tuesday, december 4. i'm michelle griego. >> hi, everyone. i'm frank mallicoat. it's 5:31 on this tuesday. muni service back to normal on market street this morning. power was just restored to the subway. last night service was shut down for hours. cate caugiran joins us now. >> reporter: they had their hands full yesterday michelle and frank. but i just spoke with a muni spokesman on the phone who told me in terms of the morning commute, they are happy to say that again all trains are back up and running an service has been fully restored. now this is because crews were working well into the night to restore power to all of those underground transit stations. now, all trains were stopped just before 6:00 last night. muni says the melt yo
counter plan to avoid that "fiscal cliff." >> republicans need to acknowledge it that that's the only way to get from here to there. >> from across the bay to around the world -- >> obviously, we want a family so we have to start thinking about that. >> -- the stories that matter on "eyewitness news this morning." ♪ [ music ] >>> good morning. it's tuesday, december 4. i'm michelle griego. >> hi, everyone. i'm frank mallicoat. it's...
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the race to solve the fiscal cliff triggered another round of dramatic sound bites from republicans and president obama. darren gersh has the latest. >> reporter: the president is still pushing to wrap up a deal on the fiscal cliff before christmas and just in case anyone missed that point, he visited a toy factory to urge congress to avoid raising taxes on the middle class. >> that's sort of like the lump of coal you get for christmas. that's a scrooge christmas. a typical middle-class family of four would see their income taxes go up by about $2,200. >> reporter: t psidents oposg to raise taxesy $1.6 trillion, while cutting spending by $400 billion. on top of that, mr. obama asked for $50 billion more for infrastructure spending and $140 billion to extend unemployment insurance benefits and the payroll tax cut. republicans literally laughed it off. >> they want... they want to have this extra spending that's actually greater than the amount they're willing to cut. i mean, it's... it's... was not a serious proposal. and so, right now, we're almost nowhere. >> reporter: across the capit
the race to solve the fiscal cliff triggered another round of dramatic sound bites from republicans and president obama. darren gersh has the latest. >> reporter: the president is still pushing to wrap up a deal on the fiscal cliff before christmas and just in case anyone missed that point, he visited a toy factory to urge congress to avoid raising taxes on the middle class. >> that's sort of like the lump of coal you get for christmas. that's a scrooge christmas. a typical...
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as we come to the end of this fiscal cliff, republicans have to choose. do they call for $5 trillion in tax increases over the next ten years or are they going to allow the middle class tax cuts to proceed? that's their choice, and i think people like tom cole recognize that it's unsustainable to take the position that nobody gets tax relief because they hold out for folks with 250,000 and over to get this extra tax cut on the portion of their income above 250,000. after all, what the president is saying on that part of your income above 250,000, you're going back to the clinton era tax raites, which is 4 cents on the dollar. >> congressman van hollen, thank you for your time. we'll see what happens next. thank you, sir. >>> we could soon learn who the president wants to be the next secretary of state. chuck todd says a decision could come this week, but as we get closer to a decision, the partisan divide over the potential nomination of susan rice, considered the front-runner, seems to be intensifying. >> when it comes to susan rice as far as lindsey gra
as we come to the end of this fiscal cliff, republicans have to choose. do they call for $5 trillion in tax increases over the next ten years or are they going to allow the middle class tax cuts to proceed? that's their choice, and i think people like tom cole recognize that it's unsustainable to take the position that nobody gets tax relief because they hold out for folks with 250,000 and over to get this extra tax cut on the portion of their income above 250,000. after all, what the president...
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>>catherine: the white house is rejecting a republican averting the "fiscal cliff,"... saying it would lower tax rates for the wealthy and stick the middle class with the bill. the house republican plan calls for 800-billion dollars in higher tax revenue over 10 years... but would keep the bush-era tax cuts in place for all income earners. president obama wants to end tax cuts for americans making more than 250-thousand dollars a year. the bottom line -- lawmakers made no progress today on an agreement. >> mitt romney has a job again.. he's returning to the board of directors at marriott international hotel.... he's been on the board twice before - but left to run for political office. romney has kept a low profile since the election - spending his time with his family at their california home. the romney and marriott families are close -- in fact - willard mitt romney was named after the hotel's founder -- j. willard marriott... >> heavy fighting between rebel and government forces in syria. now there is concern that syria could plan on using chemical weapons against t
>>catherine: the white house is rejecting a republican averting the "fiscal cliff,"... saying it would lower tax rates for the wealthy and stick the middle class with the bill. the house republican plan calls for 800-billion dollars in higher tax revenue over 10 years... but would keep the bush-era tax cuts in place for all income earners. president obama wants to end tax cuts for americans making more than 250-thousand dollars a year. the bottom line -- lawmakers made no...
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Nov 30, 2012
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but republicans warned that efforts to avoid the fiscal cliff are deadlocked. and thousands of egyptians protested against president morsi's new powers and against a draft constitution pushed through by islamists. what do you get when you cross economic news and surf rock? i have a feeling paul solman is involved. hari sreenivasan gives us the answer. >> sreenivasan: our resident financial bard "merle hazard" re-imagines the fiscal cliff debate as a 1960s-style drag race between party leaders. you can watch his animated music video on paul's "making sense" page. we're introducing a new feature- - feed your science diet with "lunch in the lab," a virtual platter of science news, delivered fresh every monday, wednesday and friday. today's daily special-- the mars rover rumors. and on "need to know" tonight, an encore report about an investigation into alleged abuses by u.s. border patrol officers. all that and more is on our web site, newshour.pbs.org. >> warner: and again to our honor roll of american service personnel killed in the afghanistan conflict. we add
but republicans warned that efforts to avoid the fiscal cliff are deadlocked. and thousands of egyptians protested against president morsi's new powers and against a draft constitution pushed through by islamists. what do you get when you cross economic news and surf rock? i have a feeling paul solman is involved. hari sreenivasan gives us the answer. >> sreenivasan: our resident financial bard "merle hazard" re-imagines the fiscal cliff debate as a 1960s-style drag race between...
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fiscal cliff. >> republicans call it an insulting joke. >> the biggest stumbling block remains, new taxes on the wealthiest americans. >> that's what the president suggested. >>> ladies and gentlemen, the fiscal -- cliff! >> lottery officials will introduce the holder of one of the two winning jackpot tickets today. >> i'm very happy for him. he has worked very hard in his life and won't have to any more. >> the other big winner in arizona remains a mystery. >> the ticket holder may be all the way across this country in maryland. surveillance video shows a man who purportedly just found out that he wan on. >> now asking that person to come forward, show his ticket and bring your papers. >> lindsay lohan went to jail just to stay dry. >> whipped out his membership card. >> beau obama, inspecting the white house christmas decorations. >>> are you kidding me? >> never has drew brees thrown foiv interceptions and atlanta will survive. >>> an act of kindness by a new york cop going viral. tourist taking this photo of police officer larry deprimo giving boots to a homeless man. >> absolutely hu
fiscal cliff. >> republicans call it an insulting joke. >> the biggest stumbling block remains, new taxes on the wealthiest americans. >> that's what the president suggested. >>> ladies and gentlemen, the fiscal -- cliff! >> lottery officials will introduce the holder of one of the two winning jackpot tickets today. >> i'm very happy for him. he has worked very hard in his life and won't have to any more. >> the other big winner in arizona remains a...
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Nov 30, 2012
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lawmakers are edging ever closer to that year-end fiscal cliff. today we'll get data on personal incomes and spending and manufacturing. the dow ended the day up 36 points to 13,021. the nasdaq up 20 to 3012. with one day left to go in november, the nasdaq and the s&p 500 are in the black for the month, but the dow is still in the red. >>> president obama today heads to pennsylvania to tour a toy factory outside philadelphia as he continues to push republicans to let the bush aera tax cuts expire for people who make more than $250,000 a year. tim geithner made the president's case yesterday meeting with the four congressional leaders on capitol hill. reports say the president's first salvo calls for tax increases, $50 billion in the infrastructure spending and the power to raise the debt ceiling without congressional approval. as you can imagine, guys, congress did not take very well to that, particularly on the republican side. but 31 days and counting here. >> here we go. >> the countdown is on. a lot of salty people on capitol hill. see if they
lawmakers are edging ever closer to that year-end fiscal cliff. today we'll get data on personal incomes and spending and manufacturing. the dow ended the day up 36 points to 13,021. the nasdaq up 20 to 3012. with one day left to go in november, the nasdaq and the s&p 500 are in the black for the month, but the dow is still in the red. >>> president obama today heads to pennsylvania to tour a toy factory outside philadelphia as he continues to push republicans to let the bush aera...
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Dec 1, 2012
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republicans say they are laughing at president obama's fiscal cliff offer. i'll show you how they are really crying. this is "the ed show." let's get to work. >> there are no shortage of pens in the white house. and i carry one around for emergency just in case. just waiting for the chance to use it to sign the bill to make sure people's taxes don't go up. >> the adult in the room continues his campaign to cut taxes for the middle class and john boehner keeps shooting spit balls. the latest on the stalemate and the democrat's upper hand. >>> mitch mcconnell gets ridiculous with his demands to weaken medicare. one of the architects of obama care responds tonight. >>> house republicans pass an immigration. bill democrats say is divisive and inferior. tonight, congressman javier pasara on why the latino community won't. be fooled. >>> the first fast food strike is historic. what you need to know about the lowest-paid workforce in the country. good to have you with us. thanks for watching. president obama knows his opponent is on the ropes and he's not letting u
republicans say they are laughing at president obama's fiscal cliff offer. i'll show you how they are really crying. this is "the ed show." let's get to work. >> there are no shortage of pens in the white house. and i carry one around for emergency just in case. just waiting for the chance to use it to sign the bill to make sure people's taxes don't go up. >> the adult in the room continues his campaign to cut taxes for the middle class and john boehner keeps shooting spit...
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Nov 29, 2012
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fiscal cliff at the end of the year. but republicans are resisting any move that could end up raising taxes on the rich. we have the latest from washington. >> reporter: he says he wants a deal soon to cut spending but president obama is demanding republicans vote now to prevent the worst fall off the fiscal cliff, tax hikes on 98% of americans. >> the first job is to make sure tax on middle class families don't go up and since we all agree on this we should get that done. >> reporter: house democrats agree. >> if we can get a few house republicans to agree, as well, i will sign this bill. >> reporter: republican tom cole got on board. >> we all agree that we are not going to raise taxes on people that make less than $250,000. >> reporter: house speaker john boehner says no. once tax breaks get blocked democrats can go home for the holidays and on january 1 tax rates rise automatically for the top 2%. worried ceos came to capitol hill saying congress has to avoid the cliff. >> entitlements have to be touched and revenues
fiscal cliff at the end of the year. but republicans are resisting any move that could end up raising taxes on the rich. we have the latest from washington. >> reporter: he says he wants a deal soon to cut spending but president obama is demanding republicans vote now to prevent the worst fall off the fiscal cliff, tax hikes on 98% of americans. >> the first job is to make sure tax on middle class families don't go up and since we all agree on this we should get that done. >>...
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. >> today house speaker john boehner rejected president obama's proposal to avoid the fiscal cliff. boehner said no progress was made. boehner accused democrats of not being serious of real spending cuts. but democrats say republicans are causing the hold up. the proposal consisted of $1.6 trillion in higher taxes, they also wanted 50 billion for infrastructure. the president in return approved spending cuts this year and legislation for saving up to $400 million for programs like medicare over a decade. >>> former rivals president obama and governor romney spoke in private. and what they said remains in private. the white house did release a photo and reported that they had white turkey chili and south western chicken salad. when romney arrived, a man ran up to him and said something. secret service quickly ran up to him. >>> imagine running the equivalent of a marathon a day. patty lee shows us what inspired a 25-year-old san francisco woman to spend the past five months making this cross country journey. >>> it took four months, 3,200 miles and 12 pairs of running shoes to get he
. >> today house speaker john boehner rejected president obama's proposal to avoid the fiscal cliff. boehner said no progress was made. boehner accused democrats of not being serious of real spending cuts. but democrats say republicans are causing the hold up. the proposal consisted of $1.6 trillion in higher taxes, they also wanted 50 billion for infrastructure. the president in return approved spending cuts this year and legislation for saving up to $400 million for programs like...
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you need to know this the so-called fiscal cliff nears which means it's time for republicans to take some hostages there were signs earlier this week that republicans may be willing to cave in on the bush tax cuts for the rich when congressman tom cole called on his party his republican party to take president obama's deal and extend tax cuts for ninety eight percent of americans while letting them expire for the top two percent. that deal was nixed by speaker john boehner almost as soon as it was offered ultimately republicans are against the wall whether they like it or not the bush tax cuts are expiring at the end of the year now the only question left is what will republicans attempt to take. you for these tax cuts expire it could be extended unemployment benefits for more than two million americans which are set to expire at the end of the year as well and if republicans tie up these benefits and also be standing in the way of hundreds of thousands of jobs being created at least that's the conclusion of a new report by. nonpartisan congressional budget office c.e.o. estimates th
you need to know this the so-called fiscal cliff nears which means it's time for republicans to take some hostages there were signs earlier this week that republicans may be willing to cave in on the bush tax cuts for the rich when congressman tom cole called on his party his republican party to take president obama's deal and extend tax cuts for ninety eight percent of americans while letting them expire for the top two percent. that deal was nixed by speaker john boehner almost as soon as it...
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president obama comes out swinging over the fiscal cliff fight saying republicans are out of balance. >>> this year's flu virus is causing major problems.
president obama comes out swinging over the fiscal cliff fight saying republicans are out of balance. >>> this year's flu virus is causing major problems.
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fiscal cliff" stepping up phone calls and meetings within the last 24 hours. cbs reporter danielle nottingham is on capitol hill where the two sides are still talking. >>> reporter: president obama dispatched his chief negotiator tim geithner to capitol hill to work on a "fiscal cliff" deal. house speaker john boehner came out of his meeting with the treasury secretary demanding the white house get serious about spending cuts. >> no substantive progress has been made in the talks between the white house and the house over the last two weeks. >> reporter: if a compromise isn't reached soon, automatic tax hikes and steep budget cuts will kick in january 1. geithner moved from one end of the capitol to the other encouraging lawmakers to sign off on an extension of middle class tax cuts now. democrats say their position is clear and they want a serious offer from republicans. >> the american people want us to avoid the "fiscal cliff" with a balanced approach. >> reporter: geithner is here in the halls of congress trying to clear some big hurdles with republicans.
fiscal cliff" stepping up phone calls and meetings within the last 24 hours. cbs reporter danielle nottingham is on capitol hill where the two sides are still talking. >>> reporter: president obama dispatched his chief negotiator tim geithner to capitol hill to work on a "fiscal cliff" deal. house speaker john boehner came out of his meeting with the treasury secretary demanding the white house get serious about spending cuts. >> no substantive progress has been...
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. >> today house speaker john boehner rejected president obama's proposal to avoid the fiscal cliff. boehner said no progress was made. boehner accused democrats of not being serious of real spending cuts. but democrats say republicans are causing the hold up. the proposal consisted of $1.6 trillion in higher taxes, they also wanted 50 billion for infrastructure. the president in return approved spending cuts this year and legislation for saving up to $400 million for programs like medicare over a decade. >>> former rivals president obama and governor romney spoke in private. and what they said remains in private. the white house did release a photo and reported that they had white turkey chili and south western chicken salad. when romney arrived, a man ran up to him and said something. secret service quickly ran up to him. >>> imagine running the equivalent of a marathon a day. patty lee shows us what inspired a 25-year-old san francisco woman to spend the past five months making this cross country journey. >>> it took four months, 3,200 miles and 12 pairs of running shoes to get he
. >> today house speaker john boehner rejected president obama's proposal to avoid the fiscal cliff. boehner said no progress was made. boehner accused democrats of not being serious of real spending cuts. but democrats say republicans are causing the hold up. the proposal consisted of $1.6 trillion in higher taxes, they also wanted 50 billion for infrastructure. the president in return approved spending cuts this year and legislation for saving up to $400 million for programs like...
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. >>> high-level negotiations resume today on capitol hill over the looming fiscal cliff. there are fresh signs that republicans may be in disagreement over the best way to avoid tax increases and spending cuts. oklahoma congressman tom cole says instead of risking a tax increase on everybody it would be better to let tax increases for the top 2% of earners go up. >> if congress does nothing, every family in america will see their taxes automatically go up at the beginning of next year. >> there has been no serious discussion by the white house on entitlements, medicare and medicaid. >> the president says he is still confident that a deal can be reached before christmas. and of course, the cliff is december 31st. >> exactly. i mean pressure is on here. the closer we get to the holidays, you know, the harder this thing becomes. i think one of the houses of congress goes on break december 14th. so i think the house. if you really look at the calendar here. deadline is tight and the president is trying to drum up public support here. now he is encouraging in the age of social
. >>> high-level negotiations resume today on capitol hill over the looming fiscal cliff. there are fresh signs that republicans may be in disagreement over the best way to avoid tax increases and spending cuts. oklahoma congressman tom cole says instead of risking a tax increase on everybody it would be better to let tax increases for the top 2% of earners go up. >> if congress does nothing, every family in america will see their taxes automatically go up at the beginning of...
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failure is not on the table. >> going over fiscal cliff will hurt our economy. >> boehner said republicans are committed to a compromise. >> rinz are willing to put revenue on the table. >> so hard ball politics were left to house majority leador eric cantor complaining the white house hasn't come to the table with concession autos we have not seen any good faith efforts on the part of this administration to talk about the real problem. we're trying to fix. tomorrow, round two. abc news, washington. >> president ob dwraum -- obama will meet for a private lunch with mitt romney. the president promised to meet with his rival and that he would consider romney's ideas. romney commented he believed the president won because of so called gifts he gave to hispanics, blacks and young voters. we'll see how the meeting go autos one thing you can do to give your cholesterol lowering drugs a boost. >> a woman finds success on the internet spoofing popular videos and how she's using the start up to give back. >> i'm michael finney. today 7 on your side q and a is just ahead. so you can contact me right
failure is not on the table. >> going over fiscal cliff will hurt our economy. >> boehner said republicans are committed to a compromise. >> rinz are willing to put revenue on the table. >> so hard ball politics were left to house majority leador eric cantor complaining the white house hasn't come to the table with concession autos we have not seen any good faith efforts on the part of this administration to talk about the real problem. we're trying to fix. tomorrow,...
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so-called "fiscal cliff." 29% would hold the president responsible. >>> shares of pandora media fell nearly 20% in after-hours trading on a disurge asking outlook for their current quarter. the oakland-based internet radio company says it expects to lose between 6 and 9 cents a share in the 4th quarter. they reported 3rd quarter profits tripled to $2 million. that worked out to a penny a share and apparently not enough. >>> "star wars" franchise is officially gone to disneyland. federal regulators have cleared disney's $4 billion purchase. lucasfilm. filmmaker empire behind the "star wars" franchise. sale was announced back this october. disney says it plans to may sequels to the six-part "star wars" series so get ready for that >>> netflix has grabbed exclusive rights to show disney movies shortly after they end their run in the theaters speaking of disney. the announcement is a breakthrough for the embattled video service. this is the first time a major hollywood studio has sold the rights to netflix instead of a network. the deal goes into effect in 2016. >>> alameda county electi
so-called "fiscal cliff." 29% would hold the president responsible. >>> shares of pandora media fell nearly 20% in after-hours trading on a disurge asking outlook for their current quarter. the oakland-based internet radio company says it expects to lose between 6 and 9 cents a share in the 4th quarter. they reported 3rd quarter profits tripled to $2 million. that worked out to a penny a share and apparently not enough. >>> "star wars" franchise is...
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cliff. the president will make the case that congress needs to take action to stop taxes from going up on middle class consumers during the holiday season. republicans say they are not impressed with the president's latest proposal brought to capitol hill yesterday by timny geithner. the white house proposal consists of $1.6 trillion in higher taxes. and want $50 billion in infrastructure spending until 2015. >>> more bay area cities are considering taxes on soda sales. the first city to put the idea up for public vote was richmond. that was defeated earlier this month. now berkeley, vallejo, and alameda county are all thinking about similar measures. the soda industry said the tax would not work because consumers would go to neighboring cities to buy their drinks without the tax. >>> if you want to you'll get a chance to play the power ballot reflection year. the california lottery commission just voted they will join the power ball game and power ball tickets will go on sale here in califo
cliff. the president will make the case that congress needs to take action to stop taxes from going up on middle class consumers during the holiday season. republicans say they are not impressed with the president's latest proposal brought to capitol hill yesterday by timny geithner. the white house proposal consists of $1.6 trillion in higher taxes. and want $50 billion in infrastructure spending until 2015. >>> more bay area cities are considering taxes on soda sales. the first city...
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"fiscal cliff." the deadline is at the end of the month but lawmakers may only have a couple of weeks to get a deal done. danielle nottingham reports now from washington. >> reporter: washington is driving toward the "fiscal cliff" and with just 29 days left, negotiations are at a stalemate. >> right now i would say we're nowhere. >> reporter: taxes continue to be the line in the sand between democrats and republicans. >> there is no path to an agreement that does not involve republicans acknowledging that rates have to go up for the wealthiest. >> reporter: gop lawmakers don't want higher rates and say the obama administration's proposed cuts to entitlements don't go far enough. >> i think we're going over the cliff. it's pretty clear to me they have made a political calculation. this offer doesn't remotely deal with entitlement reform in a way to save medicare and medicaid and social security from bankruptcy. >> reporter: if a deal is not reached, taxes go up and spending will be clashed. defense c
"fiscal cliff." the deadline is at the end of the month but lawmakers may only have a couple of weeks to get a deal done. danielle nottingham reports now from washington. >> reporter: washington is driving toward the "fiscal cliff" and with just 29 days left, negotiations are at a stalemate. >> right now i would say we're nowhere. >> reporter: taxes continue to be the line in the sand between democrats and republicans. >> there is no path to an...
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counter plan to avoid that "fiscal cliff." >> rates have to rise and the republicans need to acknowledge that. that's the only way to get from here to there. >> from across the bay to around the world -- >> obviously, you know, we want a family, so, uhm, you know, we have to start thinking about that. >> -- the stories that matter on "eyewitness news this morning." >> your realtime captioner: linda marie macdonald captions by: caption colorado comments@captioncolorado.com >>> good morning, it's tuesday, december 4. i'm michelle griego. >> hi, everyone. i'm frank mallicoat. it is 6:32. a huge pot bust at a home in east san jose. this morning neighbors reported a burglary happening at a home on the 1300 block of sandalwood court. when police got there they found the front door open. they entered the home and discovered an elaborate grow house there. we have live pictures of the house here. in fact, officers say there was no furniture inside the home at all just about 300 pot plants with a street value of $125,000. and because of all the chemicals inside the home, they called the fire depar
counter plan to avoid that "fiscal cliff." >> rates have to rise and the republicans need to acknowledge that. that's the only way to get from here to there. >> from across the bay to around the world -- >> obviously, you know, we want a family, so, uhm, you know, we have to start thinking about that. >> -- the stories that matter on "eyewitness news this morning." >> your realtime captioner: linda marie macdonald captions by: caption colorado...
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cliff. next flicks' has reached a multi-year agreement to show disney movies after they finish their run in theaters. net flics outbid hbo, showtime and current rights holder stars. the deal will allow net slicks' to stream in disney movies over the internet, seven months after they leave theaters. starting in 2016. the financial terms of the deal have not been released. the nation's largest port complex loss angeles and long beach is back in business today. striking clerical workers reached a tentative agreement. the eight day strike prevented shippers from delivering goods with slips stacked up off shore. it was estimated that the strike cost the local economy a billion dollars a day. >> as we take a break. when i take a picture of this check, it goes straight to the bank. oh. oh look the lion is out! no mommy no! don't worry honey, it only works on checks. deposit checks from your smartphone with chase quickdeposit. just snap a picture, hit send and done. take a step forward and chase wha
cliff. next flicks' has reached a multi-year agreement to show disney movies after they finish their run in theaters. net flics outbid hbo, showtime and current rights holder stars. the deal will allow net slicks' to stream in disney movies over the internet, seven months after they leave theaters. starting in 2016. the financial terms of the deal have not been released. the nation's largest port complex loss angeles and long beach is back in business today. striking clerical workers reached a...
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there 28 days into the fiscal cliff. if the combination of automatic tax increases, as spending cuts that will kick in if congress does not act. if president obama and republicans appear to be playing a game of political chicken. if the president put out a proposal for 1.6 trillion and higher taxes over the next 10 years. he is also proposing 600 billion in spending cuts and 200 billion in new spending to stimulate the economy. house speaker and republican leader john bonner says that the president's plan is in serious. treasury secretary tim geithner is criticizing republicans say that they have no plan. as of right now. we are nowhere on the fiscal cliff. >> 3 you won't take my life. you won't take our future. aids affects us all. even babies. chevron is working to stop mother-to-child transmission. our employees and their families are part of the fight. and we're winning. at chevron nigeria, we haven't had a reported case in 12 years. aids is strong. aids is strong. but we are stronger. and aids... ♪ aids is going t
there 28 days into the fiscal cliff. if the combination of automatic tax increases, as spending cuts that will kick in if congress does not act. if president obama and republicans appear to be playing a game of political chicken. if the president put out a proposal for 1.6 trillion and higher taxes over the next 10 years. he is also proposing 600 billion in spending cuts and 200 billion in new spending to stimulate the economy. house speaker and republican leader john bonner says that the...
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cliff. the president will make the case that congress has to take action to stop taxes from going up on middle class consumers during the holiday season. republicans say they aren't impress pressed the president's latest proposal that was brought to capital hill. >>> the proposal is 1.6 trillon dollars in higher taxes, they also want $50 billion for spending in 2015, in return the president is offering to support an unspecified amount of spending cuts this year and also legislation for saving up to $400 billion from programs like medicare over a decade. >> more bay area communities are considering taxes on soda. the first city to put up the idea for a public vote was richmond. that was defeated early this month but now others -- the soda industry said the tax wouldn't work because people would just go to other cities to buy their drinks. >> all right. a second storm is really hitting the bay area. steve is tracking this storm. he will tell you what to expect all day and into your weekend. >>
cliff. the president will make the case that congress has to take action to stop taxes from going up on middle class consumers during the holiday season. republicans say they aren't impress pressed the president's latest proposal that was brought to capital hill. >>> the proposal is 1.6 trillon dollars in higher taxes, they also want $50 billion for spending in 2015, in return the president is offering to support an unspecified amount of spending cuts this year and also legislation for...
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have put forward a plan to avoid the fiscal cliff. but right now they're miles apart and digging in their heels. president obama told bloomberg tv a deal is possible, but -- >> unfortunately the speaker's proposal right now is still out of balance. >> reporter: that plan sent to the white house offers a total of $2.2 trillion in deficit reduction over the next decade. that includes $1.2 trillion in spending cuts and $800 billion in new tax revenue, but here's the key. no rate increases in the top 2% of taxpayers. that's non-negotiable for president obama. >> we're not going to be able to got a deal without it. >> reporter: the white house says the republicans' math just doesn't add up. >> it's magic beans and fairy dust. >> reporter: negotiations have reached a stalemate. >> there's nothing going on privately that is not going on publicly. >> reporter: there is no plan at this time for congressional leaders to meet with the president at the white house, and it doesn't sound like he's sending out invitations any time soon. >> i don't t
have put forward a plan to avoid the fiscal cliff. but right now they're miles apart and digging in their heels. president obama told bloomberg tv a deal is possible, but -- >> unfortunately the speaker's proposal right now is still out of balance. >> reporter: that plan sent to the white house offers a total of $2.2 trillion in deficit reduction over the next decade. that includes $1.2 trillion in spending cuts and $800 billion in new tax revenue, but here's the key. no rate...